Back in June, we wrote with early information on RegData, the FCA’s replacement for Gabriel. The first firms will soon be moving across from Gabriel.
All 52,000 firms that provide regular regulatory submissions in Gabriel will need to use RegData in the future. The FCA is moving firms and their users to RegData in stages, based on their reporting requirements.
To prepare for the move, the FCA has set out the key steps firms will go through as they move to RegData, as well as a range of online resources to guide firms when using the platform.
Every Gabriel user will receive 3 direct email reminders from Gabriel advising them of their firm’s moving date – 3 weeks, 5 days and 1 day before their move. Firms should continue to use Gabriel as normal until they are moved to RegData.
FCA provide guidance on SMF16/17 appointments
Richard Foster Compliance FCA, ML, PI, training
Firms should have heads of compliance and money laundering reporting officers (MLROs) who are suitably competent and capable of effectively performing the roles. It is appropriate to carefully consider how individuals can demonstrate this ahead of seeking regulatory approval. The FCA have recently issued guidance which should help firms decide if an individual candidate is […]